What effect did world war II have on the US economy
On the one hand, America did well out of the war. For instance the war was defiantly a big step towards America getting out of the 'depression' because after the war America one richest counties in the world, if not the richest country in the world. I think this because the war created an economic boom that has never been equalled, this was due to the fact that many countries own them money mainly because of weapons manufacturing in the US that were sold to other countries in the war. Seen as so many weapons were being manufactured this created thousands of new jobs in making arms. Thus reduced unemployment, the average income rose and with it the standard of living. This greater income could then be spent in shops etc. which would in turn strengthen the economy. Jobs could also be found in the army or as scientists developing new weapons which would both help raise the average income. Also during the war the government gained a lot of faith from businesses in which it could interact more which would help strengthen the economy, most businesses agreed that after the war this role should continue.
On the one hand, America did well out of the war. For instance the war was defiantly a big step towards America getting out of the 'depression' because after the war America one richest counties in the world, if not the richest country in the world. I think this because the war created an economic boom that has never been equalled, this was due to the fact that many countries own them money mainly because of weapons manufacturing in the US that were sold to other countries in the war. Seen as so many weapons were being manufactured this created thousands of new jobs in making arms. Thus reduced unemployment, the average income rose and with it the standard of living. This greater income could then be spent in shops etc. which would in turn strengthen the economy. Jobs could also be found in the army or as scientists developing new weapons which would both help raise the average income. Also during the war the government gained a lot of faith from businesses in which it could interact more which would help strengthen the economy, most businesses agreed that after the war this role should continue.
